Category - Others

A sparkling fresh start for CAs, as MNCs bring lucrative offers

According to the Institute of Chartered Accountants of India (ICAI), 5375 newly qualified CAs registered with the Institute for February-March 2011 placements.  73 Interview teams participated in place one of the placements at 11 smaller centers.  Over 1710 candidates were short listed through Interviews and 528 candidates were offered  jobs.  This year the highest salary offered… Read More

Unique Protection to Chartered Accountants – Insurance for Practicing Members & CA Firms

The Committee for Capacity Building of CA Firms and Small & Medium Practitioners, ICAI ( CCBCAF & SMP ) has taken a major step for arranging Insurance cover against Professional Indemnity through New India Assurance Co. Ltd., Mumbai. An MOU has been signed by  ICAI with New India Assurance Co. Ltd., on the 10th February… Read More

Directions issued by Supreme Court in exercise of its power under Article 142 of the Constitution do not constitute a binding precedent

In State of U.P. Vs Neeraj Awasthi & Others {2005 (5) Suppl.SCR 906 , 2006 (1) SCC 667 , 2005 (10) SCALE 286 , 2006(1) JT19; Date of Judgment: 16/12/2005} hon™ble Supreme Court has observed as follows. In All Manipur Regular Posts Vacancies Substitute Teachers' Association v. State of Manipur [1991 Supp (2) SCC 643],… Read More

Seminar on Capital Market- Challenges & Opportunities by ICSI on 30th April 2011

          A Seminar on Capital Market- Challenges & Opportunities will be organised on the 30th April,2011, the details to it are given in the link below:   Seminar on Capital Market   Read More

ICSI organising Campus Placements for Members & Students on 30th April 2011

  The Institute of Company Secretaries of India  is organizing a Campus Placement for the fresher members for job placement and for students for their 15 Months Training on Saturday, the 30th  April, 2011 at NOIDA office of ICSI, C-37,Sector 62, NOIDA-201301. Process to be followed for Campus Placement scheduled to be held on 30th   April 2011 is… Read More

Withdrawal of Withdrawal Application Permissible SC

By Narendra Sharma, Consultant (Legal)   Recently, hon™ble Supreme Court in RAJENDRA PRASAD GUPTA V. PRAKASH CHANDRA MISHRA & ORS. {(2011) 2 SCC 705 = 2011 (1) SCALE 469; Civil Appeal No(s). 984 of 2006-Decided on 12-01-2011} has held as follows.   2. ¦¦¦¦.Rules of procedure are handmaids of justice. Section 151 of the Code… Read More

Beg to Differ SC Judgment in Sita Ram Gupta Vs Punjab National Bank and Ors

By Narendra Sharma, Consultant (Legal) 1. Introduction Recently, a 2 judge bench of hon™ble Supreme Court in Sita Ram Gupta Vs. Punjab National Bank and Ors {(2008) 5 SCC 711, Appeal (civil) 1878 of 2008, Date of judgment: 10/03/2008} held as follows (in para 8):   8¦¦¦¦we hold that in view of the nature of… Read More

Arbitration Clause in General Insurance Policies A Legal Gimmick to Avoid Liability

  Author: Narendra Sharma, Consultant (Legal) E-mail: nkdewas@yahoo.co.in   If parties to a contract have agreed to something unreasonable, they should be treated as if they have not agreed at all and be released. This happens in the case of general insurance contracts and is dealt with here in the light of a recent decision. Introduction… Read More

CBI official says Satyam investigation almost complete

The investigation into the over Rs 7,136-crore Satyam Computer Services financial fraud by the Central Bureau of Investigation is almost complete. The investigating agency had filed three charge-sheets in the case so far with a host of charges on the key accused Mr B. Ramalinga Raju, founder and former chairman of Hyderabad-based Satyam Computer, his… Read More

Silver shinning better than Gold

Silver seems to be shinning better than gold these days.  It continues to rise to new highs, almost on a daily basis, and touched Rs70,000 a kg in India on Friday. Experts have failed to understand where the white metal is heading towards. During the last one year, silver price has unexpectedly increased by 149% or 2.5… Read More

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